1 Main StMadison, WI 53703

Property Details for 1 Main St

Year built

1987

Lot size

0.46 AC

Property size (Sq ft)

13,000 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

0709-242-0404-6

APU

70924204046

Description

One West Main Street, a magnificent seven-story building constructed in 1917, presents a unique opportunity in the heart of Madison's vibrant Capitol Square. This historic landmark offers breathtaking views of the State Capitol and Lake Monona. The property boasts 58,992 square feet of total building space, with multiple tenancy options available. Individual suites range from a minimum of 8,155 square feet to a maximum contiguous space of 8,177 square feet, with a significant 16,332 square feet currently vacant. The building features three elevators – both passenger and freight – ensuring efficient movement throughout the seven floors. Parking is conveniently provided with 13-14 spaces. Its prime location directly on major bus routes, with a stop right outside, provides exceptional accessibility. Surrounded by a wealth of restaurants, cafes, and hotels, this property offers unparalleled convenience and prestige in the bustling downtown Madison commercial district. The building's rich history and modern amenities combine to create an exceptional workspace in a highly desirable location within Dane County, Wisconsin. This is a rare opportunity to secure office space in a landmark building in the heart of Madison, WI, zip code 53703.

• CAP approach

  CAP return

  Valuation

  6%

  $2,347,304

  6.5%

  $2,166,742

  7%

  $2,011,975

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,319,801

  Geo Method

  $1,693,250

• Alternative Use

  Use

  Valuation

  Residential

  $2,686,761

  Hospitality

  $2,461,058

  Educational

  $2,047,572

  Medical

  $2,117,991

  Retail

  $3,185,112

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0738

Longitude

-89.3824

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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